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Reply #87: ‘Say-on-pay’ rules hit US executives [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-26-11 09:41 AM
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87.  ‘Say-on-pay’ rules hit US executives

US companies have begun cutting pay and benefits for top executives, and disclosing more details of packages, in anticipation of the effect of new rules that give shareholders greater power to vote down remuneration structures.

According to pay consultancy ClearBridge, which has examined the first 100 Fortune 500 companies to file details of so-called proxy statements – resolutions to be voted on at annual meetings – there is clear evidence of a shift in pay practices.

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http://link.ft.com/r/R5WAEE/KEXDPB/3CWTA/TP9GLW/FXABR5/E4/t?a1=2011&a2=4&a3=25
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